From Nasdaq: 2024-06-11 19:04:00

Apple’s AAPL stock surged +7% to new highs after partnering with OpenAI to integrate ChatGPT into its products. Investors may consider buying Apple stock with the innovative operating system update. Apple joins tech giants in artificial intelligence advancements with Siri upgrading to include AI chatbot features in iOS 18.

Apple’s stock has gained +7% reaching over $200 per share, outperforming the market but lagging behind tech peers. At a forward earnings multiple of 29.3X, Apple is valued above Alphabet and Meta Platforms but below Microsoft. Sales are projected to be flat in FY24 and rise 5% in FY25, with earnings up 7% this year and 9% in FY25.

The market historically thrives in election years, offering upside for both Democrats and Republicans. Zacks’ Special Report highlights 5 stocks poised for significant growth across various sectors, including a medical manufacturer with an +11,000% gain and a chipmaker expanding in the U.S. Download the report for more insights.



Read more at Nasdaq: Time to Buy Apple’s (AAPL) Stock for Higher Highs?